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Contractor Insurance
Markel Business Insurance is there to cover you from unexpected losses that you may suffer in the course of your normal activities. There are many different types of financial cover available that come under the umbrella of business insurance, from employers’ liability protection and professional indemnity cover to office insurance.
Why do you need business insurance?
To cover mistakes
If a mistake is made as part of the contract and this has a financial cost to the end client, they could claim against the contracting company. This could be bad advice, a technical error or an accident that results in hardware damage.
To be awarded the contract
Most clients will require an appropriate level of insurance cover and will not sign the contract without this in place. This is now seen as an essential element by clients and agencies.
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For peace of mind
Insurance doesn’t only need to be of a benefit to the business, it can also be for the employees and directors. Insurances such as critical illness and life insurance provide security to individuals within the company.
Why Markel?
25 years of experience
With over 25 years of experience in insuring small businesses, Markel are perfectly placed to offer you financial cover that you can rely on.
24/7 access to a legal advice helpline
When you are facing a legal claim, you want to be able to access help immediately. Markel provide round-the-clock access to a legal advice helpline staffed by qualified solicitors, as well as access to a document hub.
Great customer satisfaction
Trusted by more than 200,000 clients, Markel also showcase the excellent service level with their high ratings received on Feefo.com.
No hidden fees
Markel’s small business insurance policies are all designed to offer excellent value for money, and when you purchase premiums from them, you won’t face any hidden fees. Also, should you wish to cancel a policy, Markel won’t impose cancellation charges.
Types of insurance
Professional Indemnity
Professional indemnity insurance is there to cover the cost of defending you against allegations that services or advice you have provided to clients is substandard. As well as legal expenses, it covers the cost of damages that may be awarded against you. If you provide any service or advice to clients, you should consider taking out this type of small business indemnity insurance.
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Public and Product Liability
Public and product liability insurance covers the legal costs and compensation payments (if you are unsuccessful in defending yourself) associated with claims brought by third parties who are injured or suffer property damage as a result of your business activities or the products you provide.
Employers’ Liability
Employers’ liability insurance protects your business from claims made by workers who suffer injury or illness due to their employment. If you have employees, it is highly likely that you will be required by law to have this type of cover in place.
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Legal Expenses
Legal expenses insurance is there to cover the cost of defending or pursuing certain legal actions against other parties such as suppliers, clients or employees.
Cyber and Data Risk
Cyber and data risks insurance is there to protect your business if you are the victim of a malicious attack on your IT systems and data.
